Microsoft Target Lifted as Morgan Stanley Touts Software Stocks

Customers stand near the Microsoft Corp. logo during the Microsoft Corp. Xbox One X game console global launch event in New York, U.S.Photographer: Mark Kauzlarich/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Ryan Vlastelica

January 15, 2019 at 1:26 PM UTC

This article is for subscribers only.

There’s new competition to be Microsoft Corp.’s biggest fan on Wall Street as Morgan Stanley lifted its price target on the stock as part of a broad, bullish call on the software sector.

“As the IT conversation shifts from pure Public Cloud towards Hybrid Cloud architectures involving enterprises utilizing a mix of on-premise and public cloud resources Microsoft pulls ahead as the best secularly position firm in tech,” analyst Keith Weiss wrote to clients.